Gold Coast businesses and the community are being warned to be on the lookout for fake $50 notes.
Police arrested a 25-year-old man at his Broadbeach unit last week and seized a quantity of fake 50’s.
They also seized equipment used to produce the notes, including printers and scanners as well as drug related items.
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The man was charged with making, possessing and uttering counterfeit money and fraud.
A 23-year-old woman was also arrested and charged on unrelated matters.
Detective Senior Sergeant Simon Garrett from the Southern Investigative Group said some simple checks will usually reveal fake notes, and anyone who finds one should report it to police.
Tips to spot counterfeit notes:
Is it plastic: You can scrunch the banknote in your hand and a genuine banknote should spring back
Look for the Coat of Arms: If you hold the banknote to the light, you should see the Australian Coat of Arms
Look for the star: Diamond-shaped patterns are printed inside a circle on both sides of the banknote. If you hold the banknote up to the light, the patterns should line up perfectly to form a seven-pointed star.
Check the clear window: It should be an integral part of the banknote not an addition.
More information on detecting counterfeit notes can be viewed on the Reserve Bank of Australia website.